Natgen buys light industrial estate site
Natgen has bought a Gold Coast growth corridor site with plans for a light industrial estate.
Actually two neighbouring properties, the 5835 square metre amalgamation at 13-17 Northward Street, Upper Coomera, set it back $7.4 million.
Twenty seven units are planned, between 120-300 sqm, which will be sold down.
Estimated to cost $8.5m to complete, the project will also contain car parking and landscaped pockets.
Crew Commercial’s Dave Kertesz and Josh Wright were the agents.
The site abuts the M1 and a parcel earmarked for a motorway crossover (continues below).
The project will be delivered by the Natgen Development Trust UC26 – which is now calling for investors.
The manager is forecasting a 25.1 per cent pre-tax return on investment for the term of the trust.
Upper Coomera is about 25 kilometres north west of Surfers Paradise.
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